Goldman Sachs can cut pay dramatically and maintain staff when times are tough because it pays so well in good times, Chief Executive Lloyd Blankfein said on Tuesday.
One to stress, the other to another job.
The Financial Stability Board has published its annual update of the group of global systemically important banks.
Don't expect big payouts if you have to get through this bank boss.
Gaurav Bains is 2 years old, and in June this year, was diagnosed with a rare blood condition that, without an urgent bone marrow transplant, will develop into an aggressive form of Leukaemia.
Sad to report.
Thunderclouds were gathering in April when James Gorman, Morgan Stanley’s chief executive, went for a run on the beach on Amelia Island in Florida after attending a closed-door meeting of the bank’s top stockbrokers.
A London developer plans to build the tallest residential tower in the U.K. on a site in the city’s Canary Wharf area.
Samaritan’s Purse is stepping up its efforts to provide desperately needed relief to victims of Typhoon Haiyan in the Philippines, which has claimed thousands of lives and left widespread devastation.
Moody’s Investors Service cut its ratings on four of the biggest U.S. banks after deciding the government would be less likely to help them repay creditors in a crisis.
JPMorgan’s asset-management division has promoted James Peagam to head of global insurance solutions, an operation that oversees $78bn of client funds.
Two former JPMorgan bankers agreed to pay about $326,000 to settle U.S. Securities and Exchange Commission charges that they paid millions of dollars to close friends of Jefferson County, Alabama commissioners in order to win $5bn of municipal bond and swap business.
Convicted fraudster Tom Hayes’ lawyers argued in court that his 14-year sentence for Libor manipulation is excessive as there is no need to treat the punishment as a deterrent to others.